CITIZEN INFOLINE 2021-22 Annual Report Analysis

Thu, 16 Jun

CITIZEN INFOLINE has announced its results for the year ended March 2022. Let us have a look at the detailed performance review of the company during FY21-22.

CITIZEN INFOLINE Income Statement Analysis

• Operating income during the year rose 7.0% on a year-on-year (YoY) basis.
• The company's operating profit increased by 23.0% YoY during the fiscal. Operating profit margins witnessed a growth and stood at 107.4% in FY22 as against 93.5% in FY21.
• Depreciation charges increased by 0.0% increased by 0.0% YoY, respectively.
• Other income grew by 41.1% YoY.
• Net profit for the year declined by 42.9% YoY.
• Net profit margins during the year grew from 20.3% in FY21 to 10.8% in FY22.

CITIZEN INFOLINE Income Statement 2021-22

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*	% Change
Net Sales	Rs m	6	6	7.0%
Other income	Rs m	4	6	41.1%
Total Revenues	Rs m	10	12	21.5%
Gross profit	Rs m	-5	-6	23.0%
Depreciation	Rs m	0	0	0.0%
Interest	Rs m	0	0	0.0%
Profit before tax	Rs m	-1	-1	-42.9%
Tax	Rs m	0	0	0.0%
Profit after tax	Rs m	-1	-1	-42.9%
Gross profit margin	%	-93.5	-107.4
Effective tax rate	%	0.0	0.0
Net profit margin	%	-20.3	-10.8

Emerging Opportunity: Bluechip Bull Run

CITIZEN INFOLINE Balance Sheet Analysis

• The company's current liabilities during FY22 stood at Rs 1 million as compared to Rs 1 million in FY21, thereby witnessing an increase of 32.8%.
• Current assets rose 3% and stood at Rs 1 million, while fixed assets fell 1% and stood at Rs 46 million in FY22.
• Overall, the total assets and liabilities for FY22 stood at Rs 47 million as against Rs 47 million during FY21, thereby witnessing a fall of 1%.

CITIZEN INFOLINE Balance Sheet as on March 2022

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*	% Change
Networth	Rs m	46	46	-1.4
Current Liabilities	Rs m	1	1	32.8
Long-term Debt	Rs m	0	0	0.0
Total Liabilities	Rs m	47	47	-1.0
Current assets	Rs m	1	1	3.3
Fixed Assets	Rs m	46	46	-1.0
Total Assets	Rs m	47	47	-1.0

CITIZEN INFOLINE Cash Flow Statement Analysis

• CITIZEN INFOLINE's cash flow from operating activities (CFO) during FY22 stood at Rs 0 million on a YoY basis.
• Cash flow from investing activities (CFI) during FY22 stood at Rs 5 million, an improvement of 24,650.0% on a YoY basis.
• Cash flow from financial activities (CFF) during FY22 stood at Rs -5 million on a YoY basis.
• Overall, net cash flows for the company during FY22 stood at Rs 0 million from the Rs -1 million net cash flows seen during FY21.

CITIZEN INFOLINE Cash Flow Statement 2021-22

Particulars	No. of months	12	12	% Change
	Year Ending	Mar-21	Mar-22
Cash Flow from Operating Activities	Rs m	-2	0	-
Cash Flow from Investing Activities	Rs m	0	5	24,650.0%
Cash Flow from Financing Activities	Rs m	2	-5	-
Net Cash Flow	Rs m	-1	0	-

Current Valuations for CITIZEN INFOLINE

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs -0.1, an improvement from the EPS of Rs -0.2 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 12.0, stands at -100.9 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 1.4 times, while the price to sales ratio stands at 10.9 times.
• The company's price to cash flow (P/CF) ratio stood at -170.8 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*
Sales per share (Unadj.)	Rs	1.0	1.1
TTM Earnings per share	Rs	-0.2	-0.1
Diluted earnings per share	Rs	-0.2	-0.1
Price to Cash Flow	x	-20.6	-170.8
TTM P/E ratio	x	-20.6	-100.9
Price / Book Value ratio	x	0.4	2.4
Market Cap	Rs m	17	109
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for CITIZEN INFOLINE

• Solvency Ratios

Current Ratio: The company's current ratio deteriorated and stood at 1.2x during FY22, from 1.6x during FY21. The current ratio measures the company's ability to pay short-term and long-term obligations.

• Profitability Ratios

Return on Equity (ROE): The ROE for the company improved and stood at -1.4% during FY22, from -2.4% during FY22. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.

Return on Capital Employed (ROCE): The ROCE for the company improved and stood at -1.4% during FY22, from -2.4% during FY21. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.

Return on Assets (ROA): The ROA of the company improved and stood at -1.4% during FY22, from -2.4% during FY21. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*
Current ratio	x	1.6	1.2
Debtors’ Days	Days	1,610,875	0
Interest coverage	x	0.0	0.0
Debt to equity ratio	x	0.0	0.0
Return on assets	%	-2.4	-1.4
Return on equity	%	-2.4	-1.4
Return on capital employed	%	-2.4	-1.4

To see how CITIZEN INFOLINE has performed over the last 5 years, please visit here.

CITIZEN INFOLINE Share Price Performance

Over the last one year, CITIZEN INFOLINE share price has moved up from Rs 0.0 to Rs 12.0, registering a gain of Rs 12.0 or around 0.0%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 12,551.1 (down 2.5%). Over the last one year it has moved down from 12,842.8 to 12,551.1, a loss of 292 points (down 2.3%).

Overall, the S&P BSE SENSEX is down 2.0% over the year.

(To know more, check out historical annual results for CITIZEN INFOLINE and quarterly results for CITIZEN INFOLINE)